First Trust New Constructs Core Earnings Leaders ETF (NYSEARCA:FTCE) Sees Significant Decline in Short Interest

First Trust New Constructs Core Earnings Leaders ETF (NYSEARCA:FTCE) saw a large drop in short interest in July. As of July 15th, there was short interest totaling 12,954 shares, a drop of 35.1% from the June 30th total of 19,960 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 6,831 shares, the short-interest ratio is presently 1.9 days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Harbour Investments Inc. acquired a new position in First Trust New Constructs Core Earnings Leaders ETF during the 4th quarter worth approximately $337,000. Luken Investment Analytics LLC raised its holdings in shares of First Trust New Constructs Core Earnings Leaders ETF by 34.9% in the 4th quarter. Luken Investment Analytics LLC now owns 25,170 shares of the company’s stock valued at $627,000 after purchasing an additional 6,510 shares in the last quarter. Finally, Thoroughbred Financial Services LLC acquired a new stake in shares of First Trust New Constructs Core Earnings Leaders ETF in the 4th quarter valued at $767,000.

First Trust New Constructs Core Earnings Leaders ETF Stock Performance

Shares of First Trust New Constructs Core Earnings Leaders ETF stock opened at $27.11 on Friday. First Trust New Constructs Core Earnings Leaders ETF has a one year low of $21.95 and a one year high of $28.55. The company has a market cap of $84.04 million, a PE ratio of 23.72 and a beta of 1.02. The business has a 50-day simple moving average of $27.27 and a 200-day simple moving average of $25.79.

First Trust New Constructs Core Earnings Leaders ETF Company Profile

The First Trust New Constructs Core Earnings Leaders ETF (FTCE) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market cap-weighted index of companies with high earnings quality, as selected and measured using the Earnings Capture metric. The fund holds 100 securities, representing the top companies within each Bloomberg sector classification. FTCE was launched on Oct 2, 2024 and is issued by First Trust.